Daniel.B

Impressive Trend Changing Run Up To Resistance!

FX:USDJPY   U.S. Dollar/Japanese Yen
142 2 5
Hello Traders,

Well to all of you who caught the breakout above resistance congrats. This pair has now reached previous resistance along with the DXY             trading at All-Time-Highs it would make sense to receive some retracement back down to broken resistance in the 105 & 106 area. With interest rate speculation coming to a pivotal moment this December we can very well break above 111 resistance without retracement but I believe probability is for a retracement before another wave higher to retest and potentially break higher to 116.50 resistance.

Time will tell, in the meanwhile enjoy the upcoming holidays. =)
walled7863 PRO
2 months ago
EXCELLENT IDEA
IF WE CAN SHERE IDEA TOGETHER, WE CAN HELP EVERYBODY
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Daniel.B walled7863
2 months ago
@walled7863, Thanks for the kind words Walled. Feel free to share this idea.. =)
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